☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 5, 2019 11:08:59 PM

I have a Closing Escrow Balance on my 2016 mortgage statement. Can I deduct this amount and where do I put it on the form?

0 1 359
1 Replies
Level 3
Jun 5, 2019 11:09:00 PM

Your closing escrow balance is just leftover money that wasn't needed to pay your real estate taxes for 2016.  You can't use it as a real estate tax deduction.